Pending Income Tax and Sales Tax refunds of member companies of the Overseas Investors Chamber of Commerce and Industry (OICCI) reached approximately Rs. 102.8 billion as of August 2026. This includes nearly Rs. 68 billion in Income Tax refunds and Rs. 34.8 billion in Sales Tax refunds, highlighting the substantial amount of corporate funds awaiting settlement by the FBR.
Despite earlier discussions with FBR leadership, OICCI has reported limited progress in resolving these outstanding claims. According to the Chamber, prolonged refund delays are restricting companies’ working capital, affecting routine business operations and limiting the funds available for expansion and future investment. OICCI has therefore requested the FBR chairman’s intervention to expedite settlement.
For businesses, tax refunds are not merely amounts appearing in their tax records; they represent funds that could otherwise be deployed in business activities. Companies with pending refund claims should maintain complete reconciliations, verify outstanding balances against FBR records and actively pursue eligible claims through the prescribed procedures to minimize unnecessary financial pressure.